Fees Chargeable

Landlords

Letting Fees – 9.6% inclusive of VAT (8.0% plus VAT).

Renewals – 6% inclusive of VAT (5.0% plus VAT).

Management – 6% inclusive of VAT (5.0% plus VAT).

Project Management - 12% inclusive of VAT (10.0% plus VAT).

Example

If a property was rented out at £1000.00 per calendar month the fees would be:-

Letting Fee - £1152.00 including VAT.

Renewal Fee - £720.00 including VAT.

Management Fee - £720.00 including VAT.

If a project was undertaken (new kitchen, new bathroom etc) with us managing the project and the total cost of the works came to £10,000.00, our fees would be :-

Project Management - £1200.00 including VAT.

Vendors

Sales Fees – 0.9% Inclusive of VAT (0.75% plus VAT) – Sole Agency Only.

Example

If a property was sold for £500,000.00 the fees would be:-

Sales Fee - £4500.00 including VAT

Tenants

Abaco Estates standard charges are:-

Deposit – Equal to 5 weeks rent

Referencing Fee – Zero

Contract Fee – Zero

Name Changes - £50.00 inclusive of VAT

Loss of keys – at cost.

EXAMPLE

If a 1 bedroom flat was rented out the tenant would pay a 5 week deposit plus 1 month’s rent in advance. So if the rent was £1500.00 per calendar month the tenant would pay:-

1 Months Rent - £1500.00

5 Weeks Deposit - £ 1730.00

Total - £3230.00

Abaco Estates do not take holding deposits, we do require seeing the last 4 months of bank statements prior to offers being put forward to Landlords.

Redress Scheme

The Property Ombudsman

Milford House, 43-55 Milford Street, Salisbury, Wiltshire, SP1 2B

www.tpos.co.uk

01722 333306
(Lines are open, Monday – Friday 9am – 4.30pm excluding bank holidays)


Client Money Protection

Client Money Protect

Premiere House,
1st Floor,
Elstree Way,
Borehamwood,
WD6 1JH

www.clientmoneyprotect.co.uk

info@clientmoneyprotect.co.uk

03333219414

Membership CMP003032


Information Commissioners Office

Wycliffe House
Water Lane
Wilmslow
Cheshire
SK9 5AF

https://ico.org.uk

0303 123 1113 (local rate – calls to this number cost the same as calls to 01 or 02 numbers). Normal opening hours are Monday to Friday between 9am and 5pm (excluding bank holidays).

Registration Number Z1138364





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